The EIA reported that total U.S. propane/propylene inventories fell by 2 MMbbl for the week ended December 29, which was above average industry expectations for a draw of 1 MMbbl but slightly below the 2.4 MMbbl average decline for the week. Total U.S. propane stocks now stand at 82.6 MMbbl, which is 8.6 MMbbl, or 11.7%, above the 5-year average.
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- Analyst Insight
U.S. Propane Inventories Draw 3.6 MMbbl Despite Lower Exports
U.S. propane inventories drew by 1.4 MMbbl over industry expectations as exports down from previous week but in line with the 2023 average rate of 1.62 MMbbl/d.
- Analyst Insight
U.S. Propane Weekly Inventories Draw by 2.2 MMbbl as EIA Issues Notification of Errors in PADD 2
U.S. propane inventories draw about 700 Mbbl more than industry expectations while the EIA identifies errors in PADD 2 stocks affecting various calculations.
- Analyst Insight
Greatest of All-Time! - Massive Draw for Propane Stocks as Production Plunges and Exports Soar.
Record-high draw for propane stocks as production output drops sharply and exports climb.
